Question about how envelope method works exactly…

Budget101 Discussion List Archives Budget101 Discussion List Question about how envelope method works exactly…

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      Amy I am wondering how this works too. And banks……….jeesh I get so mad at them. I have an automatic deposit from a large broker firm that is to go into my bank on the 1st. Well if that is on a weekend then they dont do it till monday, and monday is not a “business day” or something to my local bank. Oh but let them want money from US and then it comes out early as well as interest payments. Kinda crummy how these things work. Debbie

      Amy & Dustin Roach wrote: Hi!

      I was just wondering how exactly anyone that does the envelope system
      makes it work. I was told by our mortgage lender that paychecks need
      to always go into a bank account to help show proof of income, so do
      you put the money in the bank and do an immediate withdrawl after it
      posts to the account and put it back in when its time to make that
      payment? I’ve tried setting up our bank acct. to auto pay partial
      bills all month, but this past time they took moneies out early and
      caused my account to go in the rears…costing me close to $100, and
      would give me no credit or real explination as to why the payments
      were posted Friday instead of Monday, like they were set up to do.

      We are constantly over shooting our budget and it is getting really
      old!

      TIA,

      Amy

      Debbie from IL, proud mom of SPC Huggins, 1st Cav 1BCT 115 BSB deployed in Iraq

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Budget101 Discussion List Archives Budget101 Discussion List Question about how envelope method works exactly…